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Chanos Still Short Hewlett Packard

September 21, 2012 | About:
Jim Chanos is still short Hewlett Packard (NYSE:HPQ).

The founder of Kynikos and Associates is bearish on hardware as most data continues to move towards the cloud.

"We've been talking about the concept of global value traps for the better part of a year, which is areas where investors continue to hope that basically a broken business plan will somehow be righted by the fact the stock is cheap. These have not been working for most investors. They've been great shorts and one area that we think is just going to continue to stay under pressure, investors should voice the whole PC chain, and Apple as well as the cloud are changing fundamentally the way we gather data. Interestingly we're long Microsoft and Oracle against our HPQ short and I think that there's a variety of reasons for that."

Rating: 3.0/5 (7 votes)


Superguru - 3 years ago
Any one following the value gurus in going long HPQ (ie. on opposite side of trade from Jim Chanos)?

Looks like pretty much most value gurus like HPQ except for Buffett who likes IBM. Buffett is still the most intelligent one.

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